Use the following data to answer the next THREE questions: Iris Company is considering a new investment project. The initial investment for the project is $200,000. Iris is trying to estimate the net cashflows after tax for this investment. She has already figured out that the investment will generate an annual after-tax cash inflow of $54,000 from the operation. For tax purposes, the projected salvage value of the investment is $26,500. The government requires depreciating the vehicles using the straight-line method over the investment's life of 8 years. 1. Iris estimates that the maximum value it can sell the investment at the end of 8 years is $40,000. Assuming the tax rate of 30%, what is the net after-tax cashflow Iris will receive from selling the investment at the end of 8 years? $28,000$35,950$4,050$22,450$40,000 2. Iris estimates that the minimum value it can sell the investment at the end of 8 years is $21,000. Assuming the tax rate of 30%, what is the net after-tax cashflow Iris will receive from selling the investment at the end of 8 years? $28,150$21,000$22,650$1,650$27,300